This property might be a fair Mid-Term investment with a projected 6.81% first-year return on $63,612 initial cash invested.
6.81%
Cash On Cash
9.14%
Cap Rate
1.39
DSCR
$2,628
Rent
$361
Cashflow
Cash Flow
$2,628 income − $2,267 expenses = $361 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,612
Downpayment
20%
$43,440
Closing costs
1%
$2,172
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$2,267
Mortgage P&I
45%
$1,189
Property Taxes
4%
$108
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289